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Japan’s wage hikes will expand income gaps

Location:

JAPAN

Elevating stagnant wages is Tokyo’s top priority and anti-deflation tool, necessary in creating a virtuous cycle of rising prices and incomes that boosts economic growth.

Steady wage and price growth is in sight for Japan

Location:

JAPAN

Yen weakness in the face of persistently strong US interest rates argues for further monetary tightening but that is countered by wage- and price-growth in Japan remaining below…

Immigration is key to US job market and economic plans

Location:

UNITED STATES

Behind this workforce expansion is higher immigration that has allowed considerably more new jobs without raising real wages. Immigration explains some of the strength in…

Rapid recovery will prove elusive in Argentina

Location:

ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…

Eastern members risk falling behind rest of EU

Location:

EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

China set for near-5% growth amid imbalances and risks

Location:

CHINA

Quarter-on-quarter growth accelerated to 1.6%, from 1.2% previously. A 6% year-on-year expansion in the secondary sector -- manufacturing and construction -- led the growth, while…

Morocco will struggle to lift growth rates

Location:

MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

El Salvador poverty will create problems for Bukele

Location:

EL SALVADOR

President Nayib Bukele is highly popular, having implemented hard-line security policies that have reduced murder rates dramatically. He was re-elected in February by a landslide…

Australian budget offers modest pre-election spending

Location:

AUSTRALIA

The surpluses seen this year and last have proved an unexpected bonus for Labor and will enable a modest spending increase as the party prepares for the general election due by…

Turkey will reduce inflation gradually

Location:

TURKEY

Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…